I have to admit, I’m a sucker for these “rules of wealth” things, especially when they come from people who have actually done it…
1. Seek wealth, not money or status. Wealth is having assets that earn while you sleep. Money is how we transfer time and wealth. Status is your place in the social hierarchy.
The difference between a rich man and a poor man is their states of mind. Hence, the rich may be poor and the poor may be rich. For instance, a family of three who share a piece of cake might be richer than another whose shelter is a comfortable duplex and still hassle to have an excellent feast.
The moment you can tell the difference between wealth and money, you have come across a life-changing opportunity and you must use it accordingly. For instance, having money in the bank wouldn’t lead to a vision or the love of others that help you earn a better tomorrow. As youngsters, we didn’t have a lot of money but we were driven by enthusiasm, personal vision, and potential to stay committed to the grind. These coins of wealth confer the ability to earn a proper living.
That’s a riff on one of Naval Ravikant’s comments. Naval is a co-founder and CEO of AngelList and drops gems like this one on a regular basis. 29 of them collected here: